GM to Raise Prices, Cut Production

It is no surprise to read that General Motors Corp. told dealers Monday it plans to raise prices on 2009 models by an average of 3.5 percent despite a tough market that is forcing the automaker to cut production and discount its 2008 models. In conference calls to dealers, the company officials said that the increases will allow GM to recover only part of the rising cost of steel and other commodities and the cost of safety and other features on the new models. Per vehicle, the increases will amount to about $1,000. I think they are so high now, you can't afford them. We used to trade every 2 years until this last time. Now we have had our car 5 years and have no intentions of trading it in. It is a beautiful car, actually a better style than a lot of those coming off the production lines now. Is it any wonder the used car dealers are doing the best business ever???